AGP Executive Report
Last update: 9 hours agoSME Strategy Push (Saudi Arabia): Saudi Cabinet approved a National Entrepreneurship and SME Strategy with 13 initiatives aimed at cutting the cost of doing business, improving access to financing and markets, and creating 500,000 jobs, targeting SMEs to reach 35% of GDP. Fintech Growth (Saudi/UAE): Tabby raised $233m at a $6.5bn valuation to expand beyond BNPL into broader financial services across Saudi Arabia and the UAE, while Tarabut secured $50m to deepen embedded finance and SME lending infrastructure in Saudi. Procurement Boost (UAE): Dubai SME’s Emirati Supplier Programme helped Emirati suppliers win AED 1.78bn in contracts in 2025, with Dubai officials recognizing top contributors. Cost Pressure (UAE Borrowers): Markets expect a Fed rate hike that could lift UAE rates via the dirham peg, gradually raising financing costs for EIBOR-linked loans. Energy Squeeze (Regional): Diesel and fuel-price pressures tied to Middle East conflict continue to strain business operating costs and household budgets. Business Enablement (UAE): Shufti launched bank account verification to streamline compliance checks before payments move.
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